Schedule of Disaggregates Product Sales by Business Segment and by Geography |
The following table disaggregates product sales by business segment and by geography, which provides information as to the major source of revenue. See Note 16 for additional description of our reportable business segments.
|
|
Year ended March 31, 2023
|
|
|
Injection molded Plastic parts
|
|
Electronic Products
|
|
Total
|
Net sales
|
|
|
|
|
|
|
|
|
|
United States of America
|
|
$
|
1,006 |
|
$
|
11,163 |
|
$
|
12,169 |
PRC
|
|
|
13,010 |
|
|
14,730 |
|
|
27,740 |
United Kingdom
|
|
|
2 |
|
|
9,106 |
|
|
9,108 |
Hong Kong
|
|
|
1,468 |
|
|
5,002 |
|
|
6,470 |
Europe
|
|
|
131 |
|
|
13,159 |
|
|
13,290 |
Canada
|
|
|
—
|
|
|
4,699 |
|
|
4,699 |
Others
|
|
|
—
|
|
|
3,861 |
|
|
3,861 |
Total net sales
|
|
$
|
15,617 |
|
$
|
61,720 |
|
$
|
77,337 |
|
|
Year ended March 31, 2024
|
|
|
Injection molded Plastic parts
|
|
Electronic Products
|
|
Total
|
Net sales
|
|
|
|
|
|
|
|
|
|
United States of America
|
|
$
|
1,083 |
|
$
|
6,842 |
|
$
|
7,925 |
PRC
|
|
|
8,202 |
|
|
13,919 |
|
|
22,121 |
United Kingdom
|
|
|
12 |
|
|
11,973 |
|
|
11,985 |
Hong Kong
|
|
|
3,031 |
|
|
5,194 |
|
|
8,225 |
Europe
|
|
|
53 |
|
|
9,963 |
|
|
10,016 |
Canada
|
|
|
—
|
|
|
2,988 |
|
|
2,988 |
Others
|
|
|
11 |
|
|
6,097 |
|
|
6,108 |
Total net sales
|
|
$
|
12,392 |
|
$
|
56,976 |
|
$
|
69,368 |
|
|
Year ended March 31, 2025
|
|
|
Injection molded Plastic parts
|
|
Electronic Products
|
|
Total
|
Net sales
|
|
|
|
|
|
|
|
|
|
United States of America
|
|
$
|
967 |
|
$
|
5,114 |
|
$
|
6,081 |
PRC
|
|
|
9,279 |
|
|
13,169 |
|
|
22,448 |
United Kingdom
|
|
|
24 |
|
|
10,893 |
|
|
10,917 |
Hong Kong
|
|
|
883 |
|
|
6,025 |
|
|
6,908 |
Europe
|
|
|
44 |
|
|
12,502 |
|
|
12,546 |
Canada
|
|
|
—
|
|
|
3,882 |
|
|
3,882 |
Others
|
|
|
9 |
|
|
4,819 |
|
|
4,828 |
Total net sales
|
|
$
|
11,206 |
|
$
|
56,404 |
|
$
|
67,610 |
|
Schedule of Accounts Receivable, Net |
Accounts receivable, net, as of March 31, 2024 and 2025 consisted of the following:
|
|
March 31,
|
|
|
2024
|
|
2025
|
|
|
|
|
|
|
|
|
|
Accounts receivable
|
|
$
|
12,084 |
|
|
$
|
9,938 |
|
Less: Allowance for credit losses
|
|
|
(98 |
)
|
|
|
(24 |
)
|
Accounts receivable, net
|
|
$
|
11,986 |
|
|
$
|
9,914 |
|
|
Schedule of Basic Net Income Per Share and Diluted Net Income Per Share |
Basic net income per share and diluted net income per share calculated in accordance with ASC No. 260, “Earnings Per Share”, are reconciled as follows (shares in thousands):
|
|
Year ended March 31,
|
|
|
2023
|
|
2024
|
|
2025
|
Net income attributable to Deswell Industries, Inc.
|
|
$
|
2,059 |
|
$
|
7,709 |
|
$
|
11,138 |
Basic weighted average common shares outstanding
|
|
|
15,935 |
|
|
15,935 |
|
|
15,935 |
Basic net income per share
|
|
$
|
0.13 |
|
$
|
0.48 |
|
$
|
0.70 |
|
|
Year ended March 31,
|
|
|
2023
|
|
2024
|
|
2025
|
Basic weighted average common shares outstanding
|
|
|
15,935 |
|
|
15,935 |
|
|
15,935 |
Effect of dilutive securities – Options
|
|
|
137 |
|
|
64 |
|
|
18 |
Diluted weighted average common and potential common shares outstanding
|
|
|
16,072 |
|
|
15,999 |
|
|
15,953 |
Diluted net income per share
|
|
$
|
0.13 |
|
$
|
0.48 |
|
$
|
0.70 |
|